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Dee Development Engineers rises on bagging purchase order from DOW Chemical Canada ULC

16 Aug 2024 Evaluate

Dee Development Engineers is currently trading at Rs. 360.15, up by 3.35 points or 0.94% from its previous closing of Rs. 356.80 on the BSE.

The scrip opened at Rs. 371.15 and has touched a high and low of Rs. 371.15 and Rs. 355.60 respectively. So far 41273 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.00 on 05-Jul-2024 and a 52 week low of Rs. 310.20 on 26-Jun-2024.

Last one week high and low of the scrip stood at Rs. 378.95 and Rs. 351.70 respectively. The current market cap of the company is Rs. 2479.39 crore.

The promoters holding in the company stood at 70.17%, while Institutions and Non-Institutions held 17.96% and 11.87% respectively.

Dee Development Engineers has bagged a purchase order from the DOW Chemical Canada ULC, Canada for Pipe Spool Fabrication. Broad consideration or size of the order is $40710400. The said order is expected to be executed between September 2024 to December 2026. 

Earlier, the company had bagged a Purchase Order from the Linde, Kolkata for Supply of Prefabricated Piping Spools.

Dee Development Engineers is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.

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